SEC suit recommended against Google director

The regulator's staff recommends a civil lawsuit against Google board member Ann Mather regarding stock option transactions made while she was Pixar's CFO.

Ann Mather, a Google board member, could well find herself on the receiving end of a Securities and Exchange Commission lawsuit regarding stock option transactions made while she was chief financial officer at Pixar Animation Studios.

"On April 23, 2008, Ann was advised by the staff of the Los Angeles office of the Securities and Exchange Commission (SEC) that it intends to recommend that the SEC initiate a civil proceeding against her, alleging violation of federal securities laws related to certain stock option transactions involving her former employer, Pixar Animation Studios," Google said in a regulatory filing Monday.

Mather was Pixar's CFO from 1999 to 2004. She's been on Google's board since November 2005.

She's also on the board of, Central European Media Enterprises Group, and Ariat International.

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